IIR Globe IIR Data IIR
social media icon social media icon social media icon social media icon social media icon social media icon social media icon social media icon social media icon

You are Trying to View a Premium Article

Plains All American Increases Capex for Permian Project

oil_gas_transmission

Industry Segment: Pipelines | Word Count: 557 Words

SUGAR LAND--August 9, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--Pipeline operator Plains All American Pipeline LP (NYSE:PAA) (Houston, Texas) announced that it will be increasing capital spending in 2017. In the company's earnings conference call, Plains All American Chief Executive Officer Greg Armstrong said, "We continue to progress our capital projects, which remain on time and on budget, and relative to last quarter, we increased our estimated 2017 expansion capital costs by approximately 5%, which was principally associated with the addition of our new Permian-to-Cushing takeaway and related Delaware Basin expansion." The company increased 2017 capital expenditures to $950 million. Industrial Info is tracking $1.7 billion in active Plains All American projects.

Within this article: Details of major Plains All American projects

Other companies featured: Valero Energy Corporation (NYSE:VLO)


Login or Register for Instant Access

This Premium Article can be purchased individually or as part of a subscription

Subscribe Now! All Fields Required...

Subscription Type:

Pricing Help?

  • Pay-Per-Article - $5.95
  • Annual Subscription - $235.00
  • Annual Subscription with Archive - $395.00

All Members Receive the Following Free Resources:

  • North American Project & Gap Spending
  • Market Maps & Stats - Capital & Maintenance Activity
  • Current Economic Indicators
  • Free Daily Industrial Articles
  • Monthly Industrial Newsletter